ALRO: what changed
What changed
ALRO
NACE 73.300, Public relations and communication consultancy
filed annual accounts (NBB)
Net result for the year
€506,979
2024 · €529,170-€22,190
Equity
€4.6m
2024 · €4.1m+€506,979
Cash
€678,865
2024 · €266,271+€412,594
Balance sheet total
€5.5m
2024 · €4.5m+€964,211
Largest movements
Assets
- Current investments +€612,054
up €612,054 (+38.0%), from €1.6m to €2.2m
- Cash +€412,594
up €412,594 (+155%), from €266,271 to €678,865
mainly Net result for the year (+€506,979) and Debts after one year (+€443,579)
- Receivables within one year -€77,065
down €77,065 (-26.6%), from €289,304 to €212,239
of which Other amounts receivable: -€80,000
- Financial fixed assets +€60,000
up €60,000 (+5.9%), from €1.0m to €1.1m
Equity and liabilities
- Reserves +€506,979
up €506,979 (+12.4%), from €4.1m to €4.6m
of which Distributable reserves: +€506,979
- Debts after one year +€443,579
up €443,579 (+717%), from €61,837 to €505,416
Income statement
- Gross operating margin -€96,065
down €96,065 (-13.3%), from €721,078 to €625,013
- Financial income +€64,832
up €64,832 (+113%), from €57,137 to €121,969
- Taxes -€25,066
down €25,066 (-13.1%), from €190,701 to €165,636
- Financial charges +€18,499
up €18,499 (+667%), from €2,774 to €21,273
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€529,170
Gross operating margin
-€96,065
Depreciation
+€2,656
Other operating charges
-€181
Financial income
+€64,832
Financial charges
-€18,499
Taxes
+€25,066
Result 2025
€506,979
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€663,246
Investment
-€677,426
Financing
+€426,774
Cash 2024
€266,271
From operations (derived)
+€663,246
Net result for the year
+€506,979
Depreciation
+€50,170
Receivables after one year
-€43,914
Stocks and contracts
-€2,278
Receivables within one year
+€77,065
Deferred charges and accrued income
+€44,765
Trade debts
+€1,911
Tax, wage and social debts
+€12,308
Other debts
+€16,817
Accrued charges and deferred income
-€579
Investment (derived)
-€677,426
Investment in fixed assets (net)
-€65,372
Current investments
-€612,054
Financing
+€426,774
Debts after one year
+€443,579
Current portion of long-term debt
-€16,805
Cash 2025
€678,865
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,530,404 | €5,494,615 | +€964,211 | +21.3% |
| Fixed assets | 21/28 | €1,437,065 | €1,452,268 | +€15,202 | +1.1% |
| Tangible fixed assets | 22/27 | €416,115 | €371,317 | -€44,798 | -10.8% |
| Land and buildings | 22 | €297,646 | €279,373 | -€18,273 | -6.1% |
| Furniture and vehicles | 24 | €94,557 | €70,950 | -€23,607 | -25.0% |
| Other tangible fixed assets | 26 | €23,911 | €20,994 | -€2,918 | -12.2% |
| Financial fixed assets | 28 | €1,020,950 | €1,080,950 | +€60,000 | +5.9% |
| Current assets | 29/58 | €3,093,339 | €4,042,348 | +€949,009 | +30.7% |
| Amounts receivable after more than one year | 29 | €831,059 | €874,972 | +€43,914 | +5.3% |
| Other amounts receivable | 291 | €831,059 | €874,972 | +€43,914 | +5.3% |
| Stocks and contracts in progress | 3 | €39,602 | €41,879 | +€2,278 | +5.8% |
| Stocks | 30/36 | €39,602 | €41,879 | +€2,278 | +5.8% |
| Amounts receivable within one year | 40/41 | €289,304 | €212,239 | -€77,065 | -26.6% |
| Trade receivables | 40 | €74,304 | €77,239 | +€2,935 | +4.0% |
| Other amounts receivable | 41 | €215,000 | €135,000 | -€80,000 | -37.2% |
| Current investments | 50/53 | €1,609,947 | €2,222,001 | +€612,054 | +38.0% |
| Cash at bank and in hand | 54/58 | €266,271 | €678,865 | +€412,594 | +155% |
| Deferred charges and accrued income | 490/1 | €57,157 | €12,392 | -€44,765 | -78.3% |
| Total equity and liabilities | 10/49 | €4,530,404 | €5,494,615 | +€964,211 | +21.3% |
| Equity | 10/15 | €4,105,196 | €4,612,176 | +€506,979 | +12.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,098,996 | €4,605,976 | +€506,979 | +12.4% |
| Tax-exempt reserves | 132 | €158,650 | €158,650 | = | 0.0% |
| Distributable reserves | 133 | €3,940,346 | €4,447,326 | +€506,979 | +12.9% |
| Amounts payable | 17/49 | €425,208 | €882,439 | +€457,232 | +108% |
| Amounts payable after more than one year | 17 | €61,837 | €505,416 | +€443,579 | +717% |
| Financial debts | 170/4 | €61,837 | €505,416 | +€443,579 | +717% |
| Amounts payable within one year | 42/48 | €362,791 | €377,023 | +€14,232 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €60,433 | €43,629 | -€16,805 | -27.8% |
| Trade debts | 44 | €13,135 | €15,046 | +€1,911 | +14.6% |
| Suppliers | 440/4 | €13,135 | €15,046 | +€1,911 | +14.6% |
| Taxes, remuneration and social security | 45 | €67,284 | €79,592 | +€12,308 | +18.3% |
| Taxes | 450/3 | €67,284 | €79,592 | +€12,308 | +18.3% |
| Other amounts payable | 47/48 | €221,939 | €238,756 | +€16,817 | +7.6% |
| Accrued charges and deferred income | 492/3 | €579 | €0 | -€579 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,825 | €50,170 | -€2,656 | -5.0% |
| Other operating charges | 640/8 | €2,744 | €2,925 | +€181 | +6.6% |
| Gross operating margin | 9900 | €721,078 | €625,013 | -€96,065 | -13.3% |
| Operating profit (loss) | 9901 | €665,508 | €571,919 | -€93,590 | -14.1% |
| Financial income | 75/76B | €57,137 | €121,969 | +€64,832 | +113% |
| Recurring financial income | 75 | €57,137 | €121,969 | +€64,832 | +113% |
| Financial charges | 65/66B | €2,774 | €21,273 | +€18,499 | +667% |
| Recurring financial charges | 65 | €2,774 | €21,273 | +€18,499 | +667% |
| Profit (loss) for the period before taxes | 9903 | €719,871 | €672,615 | -€47,256 | -6.6% |
| Income taxes | 67/77 | €190,701 | €165,636 | -€25,066 | -13.1% |
| Profit (loss) for the period | 9904 | €529,170 | €506,979 | -€22,190 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €529,170 | €506,979 | -€22,190 | -4.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.